This month, global gold, copper and silver prices hit lows not seen for over two years, causing commentators around the world to suggest that the global mining boom, driven largely by demand from China, is over. How could this effect Papua New Guinea?
Akamai’s quarterly The State of the Internet study has become a valued measure of the proliferation of the worldwide web over the past five years. Its latest edition, covering the last quarter of 2012, was released last week.
The transformation of Bemobile mobile phone company following last week’s reported restructure has begun, with Bemobile’s Regional CEO for Papua New Guinea and Solomon Islands, Pradeep Lal, already in PNG to take the reins, and a contract to roll out 300 more towers in place.
The dream of high speed broadband in Papua New Guinea has taken a step closer, with the completion of a fibre-optic cable connecting Gulf Province with the ExxonMobil-run PNG LNG plant, 20km north of Port Moresby.
At age 29, Travers Chue is an enthusiastic backer of Papua New Guinea’s fledgling café society. But as Rod Myer reports, his family’s entrepreneurial flair is also seeing the business expand.
Corruption is often singled out as a key issue facing business in Papua New Guinea. How is it being addressed? Business Advantage PNG asked the man leading PNG’s fighting against corruption, lawyer Sam Koim—the Chairman of Task Force Sweep.
Mobile phone competition in Papua New Guinea and Solomon Islands is about to get tougher, after a deal which will see about US$250m (K550 million) in new funding for PNG’s second carrier, BeMobile, which will see it relaunched as Vodafone BeMobile.
The ownership structure of the Ok Tedi mine ‘had stood the test of time’ and there was ‘no good reason to change it,’ according to Chairman of Papua New Guinea Sustainable Development Program Limited (PNGSDP), Sir Mekere Morauta.
Global food giant Nestlé began importing noodles into Papua New Guinea in the late 1970s and is now one of PNG’s major manufacturers. How does it do business in PNG? Business Advantage PNG asked the Managing Director of Nestlé Pacific Islands, Eugene David.
Port Moresby business leaders have welcomed a Cabinet decision to spend more than K700m (US$320m) on six major road projects for the National Capital District.